smallAccCompHo_0921.xslt
Company Registration No. 08262525 (England and Wales)
PALMER STEEL LTD
Financial Statements
for the Period from 01 November 2024 to 31 October 2025

PALMER STEEL LTD

Financial Statements for the period ending 31 October 2025

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
- 1 -

PALMER STEEL LTD

Financial Statements for the period ending 31 October 2025

Company Information

Company Details
Company Number 08262525
Registered Office UNIT 3 CORNELLS LANE WIDDINGTON
SAFFRON WALDEN
CB11 3SP
Directors
Directors who held office during the period were:
Bryan Gregory PALMER   
- 2 -

PALMER STEEL LTD

Financial Statements for the period ending 31 October 2025

Statement of Financial Position

12345678
Notes 2025 2024
£ £
Fixed Assets
Tangible assets 5 17,374 23,447
Current Assets
Debtors due 6 47,352 23,810
Cash at bank and in hand 60,815 30,503
108,167 54,313
Creditors
Amount falling due within one year 7 (82,369) (51,811)
Net Current Assets 25,798 2,502
Total Assets less current liabilities 43,172 25,949
Creditors due after more than one year 8 - (6,681)
Net Assets 43,172 19,268
Capital and Reserves
Called up Share Capital 1 1
Retained earnings at end of year 43,171 19,267
Shareholder funds 43,172 19,268
For the year ending 31/10/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 13 July 2026
Bryan Palmer
Company Registration No. 08262525
- 3 -

PALMER STEEL LTD

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

1. Statutory Information
PALMER STEEL LTD is a private company, limited by shares, registered in England and Wales, registration number 08262525.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
- 4 -

PALMER STEEL LTD

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2025 5
2024 3
4. Principal Activity
Principal activity of the company during the financial period was steel fabrication.
- 5 -

PALMER STEEL LTD

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

5. Fixed Assets
Plant and Machinery Motor Vehicles Fixtures and Fittings Total
Cost or valuation £ £ £ £
At 01/11/2024 41,308 3,833 1,405 52,100
Additions 1,443 - - 1,443
At 31/10/2025 42,751 3,833 1,405 53,543
Depreciation
At 01/11/2024 19,539 2,577 983 28,653
Charge for the year 7,181 251 84 7,516
At 31/10/2025 26,720 2,828 1,067 36,169
Net Book Value
At 31/10/2025 16,031 1,005 338 17,374
At 31/10/2024 21,769 1,256 422 23,447
- 6 -

PALMER STEEL LTD

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

6. Debtors
2025 2024
£ £
Trade debtors 33,702 16,514
Other debtors 11,230 4,496
Prepayment and accrued income 2,420 2,800
47,352 23,810
7. Creditors: amount falling due within one year
2025 2024
£ £
Bank Loans and other overdrafts 21,045 34,101
Trade Creditors 39,478 6,513
Other tax and social security 19,789 11,079
Other Creditors 1,889 -
Accruals and deferred income 168 118
82,369 51,811
- 7 -

PALMER STEEL LTD

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

8. Creditors: amount falling due after one year
2025 2024
£ £
Bank Loans and overdrafts - 6,681
- 6,681
- 8 -